California Civil Code

§ 1103.12

CIV § 1103.12 Effective Jan 1, 2000Div. 2 · Title 4 · Part 4 · Ch. 2 · Art. 1.7

Statute text

(a)If more than one licensed real estate broker is acting as an agent in a transaction subject to this article, the broker who has obtained the offer made by the transferee shall, except as otherwise provided in this article, deliver the disclosure required by this article to the transferee, unless the transferor has given other written instructions for delivery.

(b)If a licensed real estate broker responsible for delivering the disclosures under this section cannot obtain the disclosure document required and does not have written assurance from the transferee that the disclosure has been received, the broker shall advise the transferee in writing of his or her rights to the disclosure. A licensed real estate broker responsible for delivering disclosures under this section shall maintain a record of the action taken to effect compliance in accordance with Section 10148 of the Business and Professions Code.

Legislative history

Added by Stats. 1999, Ch. 876, Sec. 3. Effective January 1, 2000.